Brief Exercise 165 The Smelting Department of Kiner Company

Brief Exercise 16-5 The Smelting Department of Kiner Company has the following production and cost data for November Production: Beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. Materials Conversion Costs Total equivalent units Click if you would like to Show Work for this question: Open Show Work

Solution

Equivalent unit : Weighted average method :

	Materials	Conversion costs
Unit transferred out	10500	10500
Ending work in process	8100*100%=8100	8100*41%=3321
Total equivalent unit	18600	13821